No way ARI will be kept under 30c for long.
ARI iron ore mining break even point is US$49.8/t IO62%. Even at current spot of US$62/t, Ari 9Mt, can generate $116m EBITDA. Should generate positive cash flow after capex.
If spot recovers to US$80/t, mining will generate $299m EBITDA.
Plus
Consumables, steel & recycling, generating EBITDA of approx. $336m - $356m p.a
Overall, ARI can generate EBITDA between $452m - $655m p.a.
Break even calculation:
$70.2 x (1-20%) cost reduction x 0.78 AUD / 0.88 (quality adjustment to spot price) = US$49.8/ton
chart, page-11
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Last
2.8¢ |
Change
-0.001(3.45%) |
Mkt cap ! $13.46M | |||
| Open | High | Low | Value | Volume |
| 2.7¢ | 2.8¢ | 2.6¢ | $24.21K | 892.8K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 631682 | 2.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.8¢ | 337286 | 2 |
View Market Depth
| Last trade - 13.56pm 07/10/2024 (20 minute delay) ? |
| ARI (ASX) Chart |